GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Textron Inc (NYSE:TXT) » Definitions » Cyclically Adjusted Price-to-FCF

Textron (Textron) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


View and export this data going back to 1968. Start your Free Trial

What is Textron Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Textron Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Textron's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Textron Cyclically Adjusted Price-to-FCF Chart

Textron Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.13 20.20 27.04 20.92 21.37

Textron Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.03 17.14 19.77 21.37 -

Competitive Comparison of Textron's Cyclically Adjusted Price-to-FCF

For the Aerospace & Defense subindustry, Textron's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Textron's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Textron's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Textron's Cyclically Adjusted Price-to-FCF falls into.



Textron Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Textron's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Textron's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.375/129.4194*129.4194
=-0.375

Current CPI (Mar. 2024) = 129.4194.

Textron Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.962 100.560 1.238
201409 0.470 100.428 0.606
201412 1.672 99.070 2.184
201503 -0.357 99.621 -0.464
201506 0.461 100.684 0.593
201509 0.360 100.392 0.464
201512 1.955 99.792 2.535
201603 -0.872 100.470 -1.123
201606 0.000 101.688 0.000
201609 0.276 101.861 0.351
201612 2.349 101.863 2.984
201703 -1.070 102.862 -1.346
201706 1.393 103.349 1.744
201709 -0.067 104.136 -0.083
201712 1.685 104.011 2.097
201803 -0.614 105.290 -0.755
201806 1.555 106.317 1.893
201809 0.902 106.507 1.096
201812 1.134 105.998 1.385
201903 -1.163 107.251 -1.403
201906 0.338 108.070 0.405
201909 0.878 108.329 1.049
201912 2.907 108.420 3.470
202003 -1.944 108.902 -2.310
202006 0.863 108.767 1.027
202009 1.291 109.815 1.521
202012 1.757 109.897 2.069
202103 0.561 111.754 0.650
202106 2.259 114.631 2.550
202109 1.435 115.734 1.605
202112 1.141 117.630 1.255
202203 0.879 121.301 0.938
202206 1.412 125.017 1.462
202209 1.267 125.227 1.309
202212 1.734 125.222 1.792
202303 0.488 127.348 0.496
202306 1.052 128.729 1.058
202309 0.895 129.860 0.892
202312 1.878 129.419 1.878
202403 -0.375 129.419 -0.375

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Textron  (NYSE:TXT) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Textron Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Textron's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Textron (Textron) Business Description

Industry
Traded in Other Exchanges
Address
40 Westminster Street, Providence, RI, USA, 02903
Textron is a conglomerate that mostly designs, manufactures, and services a range of specialty aircraft including small jets, propeller-driven airplanes, helicopters, and tilt-rotor aircraft. The firm's aviation segment manufactures and services Cessna and Beechcraft planes. Bell is a helicopter and tilt-rotor manufacturer and servicer for both commercial and military customers. Textron Systems produces uncrewed aircraft and armored vehicles for the military market as well as aircraft simulators and training for the commercial and military markets. Textron Industrial contains the Kautex business that manufactures plastic fuel tanks for conventional and hybrid motor vehicles and other subsidiaries that produce specialized vehicles such as golf carts, snowmobiles, and all-terrain vehicles.
Executives
R Kerry Clark director C/O THE PROCTER & GAMBLE COMPANY, ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
Michael X Garrett director 6521 CHIPSTEAD LANE, CHARLOTTE NC 28277
Frank T Connor officer: Executive VP and CFO 40 WESTMINSTER STREET, PROVIDENCE RI 02903
Scott C Donnelly officer: Executive VP and COO
Thomas A Kennedy director 870 WINTER STREET, WALTHAM MA 02451
Richard F Ambrose director 6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Mark S Bamford officer: VP and Corporate Controller 40 WESTMINSTER STREET, PROVIDENCE RI 02903
E Robert Lupone officer: EVP, General Counsel and Secy 40 WESTMINSTER STREET, PROVIDENCE RI 02903
Kathleen M Bader director 2030 DOW CENTER, MIDLAND MI 49640
Nowell Lionel L Iii director 401 NORTH MAIN STREET, WINSTON-SALEM NC 27101
Julie G Duffy officer: Executive VP - Human Resources 40 WESTMINSTER STREET, PROVIDENCE RI 02903
Deborah L James director 1710 SAIC DRIVE, MCLEAN VA 22102
Ralph D Heath director 6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Maria T Zuber director 40 WESTMINSTER STREET, PROVIDENCE RI 02903
Cheryl H Johnson officer: Executive VP, Human Resources 40 WESTMINSTER STREET, PROVIDENCE RI 02903

Textron (Textron) Headlines

From GuruFocus

Q3 2022 Textron Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q2 2020 Textron Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q1 2023 Textron Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q3 2020 Textron Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q4 2018 Textron Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q3 2023 Textron Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q4 2022 Textron Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q1 2020 Textron Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024